Stewart price target lowered to $76 from $80 at BTIG

BTIG lowered the firm’s price target on Stewart to $76 from $80 and keeps a Buy rating on the shares post the Q2 report. Order trends so far in July remain mixed and title margins are expected to be largely flat in what’s increasingly looking like a flat resale market, with upside coming from better Q4 commercial volumes, the analyst tells investors in a research note. The firm says its thesis around margin improvement for Stewart remains intact despite the earnings miss this quarter.